Thursday, October 4, 2012

The most popular social media network Facebook has reached the 1 billion user mark last month, while Chief Executive Mark Zuckerberg said it would keep pursuing growth through mobile devices. The number 1 social network has faced a rough road since its May initial public offering.

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Investors and analysts have fretted over a sharp slowdown in revenue growth and questioned how Facebook will make money from users as people access its site on mobile devices.

Facebook shares have lost more than 40% of their value since the stock debuted at $38.